Top 5 Breakout Stocks to Buy Today: Sumeet Bagadia Recommends Shares for Big Gains on Oct 11

Breakout Stocks to Buy or Sell: Powered by a strong rally in banking and power sector stocks, the Indian stock market finished higher on Thursday. The Nifty 50 index rose by 0.07%, closing at 24,998.45, while the S&P BSE Sensex gained 0.18%, ending at 81,611.41. The Nifty Bank index surged by over 1% on Thursday. In the broader market, the BSE mid-cap index dropped by 0.36%, but the small-cap index rose by 0.43%. Cash market volumes on the NSE fell by 13% compared to the previous session, reaching ₹0.94 lakh crore, marking the lowest in five months. Despite the mid-cap index falling, the advance-decline ratio was 1.17:1.

Sumeet Bagadia’s Stock Picks for Today

Sumeet Bagadia, Executive Director at Choice Broking, believes that the overall mood in the Indian stock market is cautious since the Nifty 50 is trading within a narrow range of 24,900 to 25,300. He suggests that a clear upward or downward trend will emerge only if the index breaks through this range. However, the Bank Nifty looks positive after closing above the 51,200 mark. As the Q2FY25 results season has begun, the market is expected to respond to the quarterly performance of listed companies. Bagadia recommends focusing on individual breakout stocks for intraday trading.

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Regarding the Indian stock market outlook, Bagadia said, “Banking stocks are expected to draw fresh buyers since the Nifty Bank Index closed above 51,200. Overall, though, the market remains cautious as the Nifty 50 is range-bound between 24,900 and 25,300. I suggest focusing on specific breakout stocks for potential opportunities.”

Here are Sumeet Bagadia’s 5 breakout stock picks to buy today:

1. Sharda Motor Industries
   • Buy at ₹2103.15
   • Target: ₹2244
   • Stop Loss: ₹2025
2. OnMobile
   • Buy at ₹91.60
   • Target: ₹96.50
   • Stop Loss: ₹88
3. Sree Rayalaseema Hi-Strength Hypo
   • Buy at ₹898.50
   • Target: ₹950
   • Stop Loss: ₹866
4. Pavna Industries
   • Buy at ₹602
   • Target: ₹640
   • Stop Loss: ₹580
5. Crest Ventures
   • Buy at ₹525.80
   • Target: ₹560
   • Stop Loss: ₹507